SA 10-year bond yield at lowest in month on hopes of economic recovery

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa Headlines News

Global market sentiment has been supported by positive economic data from the US and China this week

Positive global sentiment due to economic recovery hopes fed into the local bond market on Wednesday morning, with the yield on the 10-year reaching its lowest level in more than a month.

The yield on the R2030 government bond had fallen two basis points to 9.11%, after reaching an intraday low of 9.10% its lowest since July 23. Bond yields move inversely to prices.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SingularityU SA announces plans for virtual summit with global programmeSPONSORED | This year’s SUSouthAfrica will take place on Oct 14 and 15, span two days, with more than 80 + speakers, two main stages, 50+ sessions, 15+ workshops and more than 30 hours of special programming. Read more.
Source: BDliveSA - 🏆 12. / 63 Read more »

Government's 10-year plan to build SA's resilience to changing weather patternsSouth Africa, says the National Climate Change Adaptation Strategy (NCCAS), is experiencing significant effects of climate change, particularly from increased temperatures and rain-fall variability.
Source: IOL - 🏆 46. / 51 Read more »

Audi Q3 Sportback lands in SA - here’s what you get for your moneyAre you looking for a compact crossover with some coupe-inspired flavour? Let’s take a closer look at what’s on offer here.
Source: IOL - 🏆 46. / 51 Read more »

CARTOON: Love letter to SATuesday, September 1 2020
Source: BDliveSA - 🏆 12. / 63 Read more »

CARTOON: Love letter to SATuesday, September 1 2020
Source: BDliveSA - 🏆 12. / 63 Read more »

Data breach costs SA companies R36.4m average in 2020In South Africa, the average total cost of a breach for this year came in at R36.4m, compared with R52.1m last year, with an average of 228 days – compared with 280 days globally – to identify and contain a breach. | busrep
Source: IOL - 🏆 46. / 51 Read more »